Pacer Advisors Inc. Has $2.02 Million Stock Holdings in American International Group, Inc. $AIG

Pacer Advisors Inc. trimmed its stake in shares of American International Group, Inc. (NYSE:AIG) by 59.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,866 shares of the insurance provider’s stock after selling 39,614 shares during the quarter. Pacer Advisors Inc.’s holdings in American International Group were worth $2,022,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Brighton Jones LLC bought a new position in American International Group in the 4th quarter valued at about $1,091,000. Sivia Capital Partners LLC boosted its holdings in shares of American International Group by 30.7% during the second quarter. Sivia Capital Partners LLC now owns 5,050 shares of the insurance provider’s stock worth $432,000 after acquiring an additional 1,185 shares during the period. Flow Traders U.S. LLC bought a new stake in shares of American International Group during the second quarter worth approximately $217,000. Ieq Capital LLC grew its position in shares of American International Group by 11.5% in the second quarter. Ieq Capital LLC now owns 244,871 shares of the insurance provider’s stock valued at $20,958,000 after purchasing an additional 25,311 shares during the last quarter. Finally, HUB Investment Partners LLC acquired a new position in shares of American International Group in the second quarter valued at approximately $269,000. 90.60% of the stock is owned by institutional investors.

American International Group Price Performance

AIG stock opened at $78.80 on Friday. The company’s 50-day moving average price is $77.28 and its two-hundred day moving average price is $76.74. The firm has a market cap of $41.78 billion, a P/E ratio of 14.40, a P/E/G ratio of 0.73 and a beta of 0.53. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.23. American International Group, Inc. has a 12 month low of $71.25 and a 12 month high of $87.29.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Thursday, August 6th. The insurance provider reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.92 by $0.08. The company had revenue of $7.08 billion during the quarter, compared to the consensus estimate of $7.25 billion. American International Group had a net margin of 11.13% and a return on equity of 11.03%. During the same quarter in the prior year, the firm posted $1.81 EPS. On average, analysts anticipate that American International Group, Inc. will post 7.97 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be paid a dividend of $0.50 per share. The ex-dividend date is Wednesday, September 16th. This represents a $2.00 annualized dividend and a yield of 2.5%. American International Group’s dividend payout ratio is presently 35.27%.

Analysts Set New Price Targets

AIG has been the subject of several research reports. Citigroup lifted their price target on American International Group from $85.00 to $88.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. BMO Capital Markets upped their price objective on American International Group from $83.00 to $89.00 in a report on Thursday, May 7th. Bank of America lowered their price objective on American International Group from $80.00 to $79.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 14th. Weiss Ratings raised American International Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 2nd. Finally, UBS Group boosted their target price on shares of American International Group from $94.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, July 8th. Seven analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $88.28.

Trending Headlines about American International Group

Here are the key news stories impacting American International Group this week:

• Positive Sentiment: Second-quarter earnings exceeded expectations. AIG reported adjusted earnings of $2.00 per share, up from $1.81 a year earlier and ahead of consensus estimates ranging from $1.89 to $1.92. Strong underwriting income and lower catastrophe losses were key drivers. AIG Beats Q2 Earnings Estimates on Robust Underwriting Income
• Positive Sentiment: Premium growth was broad-based. Net premiums written increased across all three of AIG’s business lines, reinforcing management’s view that organic growth and recent strategic transactions are strengthening the company’s diversified insurance platform. AIG Q2 earnings beat as NPW grows across all three lines
• Positive Sentiment: AIG declared a quarterly dividend of $0.50 per share. The dividend is payable September 30 to shareholders of record on September 16, implying $2.00 in annualized payments and a yield of approximately 2.5% based on the referenced share price.
• Neutral Sentiment: Barclays raised its price target modestly to $81 from $80 while maintaining an “equal weight” rating. The revised target suggests limited near-term upside and does not represent a strong bullish endorsement.
• Negative Sentiment: Revenue fell short of expectations. Quarterly revenue was approximately $7.08 billion, below the $7.25 billion consensus forecast. Weaker investment income partly offset the improvement in underwriting results, giving investors a reason to temper their reaction to the earnings beat. AIG quarterly earnings report

American International Group Profile

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.